Job Overview
Location
Indiana, USA
Job Type
Full-time
Category
Accounting
Date Posted
January 30, 2026
Full Job Description
đź“‹ Description
- • ICW Group is seeking a dynamic and experienced Reinsurance Accounting Manager to lead and manage key accounting operations, including General Accounting, Reinsurance Accounting & Operations, Accounts Payable, and Treasury. This is a pivotal role where you will provide both technical expertise and administrative oversight, ensuring that all financial transactions, productivity levels, and costs are meticulously aligned with company standards and ambitious financial growth objectives. As a leader with over 50 years of history and a commitment to transforming the insurance carrier space, ICW Group offers a stable yet innovative environment where your contributions will directly impact our mission to create the best insurance experience possible.
- • In this role, you will be instrumental in developing and refining functional accounting policies, procedures, and processes. You will ensure adherence to a consistent financial reporting cycle, meeting both internal accounting deadlines and critical statutory reporting requirements, guaranteeing the accuracy and completeness of all deliverables. Your strategic input will extend to formulating organizational policies that have a far-reaching impact, driving efficiency and effectiveness across the department.
- • A key responsibility will be to develop, implement, and meticulously follow up on methods designed to increase productivity and decrease expenses. You will proactively identify, research, and resolve complex issues and opportunities arising from account reconciliations, pinpointing and addressing any inefficiencies within departmental policies and procedures. Maintaining robust internal controls and ensuring strict compliance with all regulatory and contractual requirements will be paramount.
- • You will play a crucial role in supporting internal, external, and regulatory audits by providing essential documentation and clear explanations. Furthermore, you will actively participate in new system projects and the implementation of new systems, leading system enhancements and ensuring seamless integration. Identifying system problems, recommending effective solutions, and diligently following through until resolution will be a core function.
- • This position involves implementing policies and procedures to maintain stringent workflow standards and will require you to interface effectively with department managers, vendors, and IT project managers. You will oversee specific units within the Accounting department, including Assumed & Ceded Reinsurance, Treasury, Accounts Payable, Regulatory Tax Compliance, and the Corporate General Ledger.
- • Your responsibilities will include reviewing bank statement reconciliations and detailed accounting analyses. You will provide expert advice to management on decisions and resolutions for departmental issues, preparing accounting reports upon request, and analyzing and interpreting financial results. You will also oversee the critical month-end and quarter-end close processes, calculating and reviewing quarterly adjustments, and auditing past files for accuracy and completeness.
- • A significant focus of this role is managing Reinsurance accounting, financial, and operational processes. You will oversee the timely and accurate recording of all reinsurance premiums, losses, commissions, and related transactions, auditing for accuracy, completeness, and strict compliance with reinsurance contract specifications. Close collaboration with the assumed underwriting team will be essential to ensure the accuracy and completeness of assumed transactions.
- • You will be responsible for calculating ceded premium, reinstatement premium, commissions, and profit commission transactions according to reinsurance contract specifications, and preparing ceded premium statements and bordereaux. Reviewing all invoices and bordereaux, including those for premium, losses, commission, and brokerage, and managing the allocation of losses to Annual Statement Lines (ASL) will be critical. You will work directly with brokers and reinsurance companies to resolve disputed items and collaborate with your team to monitor the recoverable aging report.
- • Furthermore, you will review reinsurance contracts and agreements, applying their parameters to the accounting of transactions. Mitigating non-admitted assets through timely collection of balances due and the establishment of Letters of Credit (LOCs) for outstanding liabilities, per reinsurance treaty terms, will be a key financial management task. You will review initial premium bookings, ensuring accurate allocation of premiums to Annual Statement Lines (ASL), along with premium adjustments or other endorsements. Reviewing ceded payables, calculating annual premium adjustments, and collecting ceded paid losses and loss expense recoverables will also fall under your purview.
- • You will lead the team responsible for assembling all reinsurance statutory schedules, including Schedule F and the reinsurance footnote. Reviewing relevant balance sheet and income statement line items for accuracy and compliance will be ongoing. This role requires developing and supervising a team of Accounting personnel, providing daily direction, and communicating the company's Mission, Values, and operating principles. You will establish and maintain the overall work cadence, ensuring performance and outcomes strive for excellence in delivery and customer experience, in partnership with Department leadership.
- • Ensuring the entire team is engaged and fostering a culture of development, recognition, and retention through effective leadership practices will be a priority. You will establish and adhere to hiring criteria, on-boarding, and training requirements for new staff. Overseeing the performance management and development process, conducting performance reviews, development planning, and coaching for direct reports will be essential. You will act as a key resource for team members, answering questions and solving complex problems, and manage the budget, technology, workload, and customer requests for Department services. Ensuring adherence to all Company policies, procedures, and compliance responsibilities, as well as data quality, IT security guidelines, profitability, and other risk-related metrics for yourself and your team, is crucial.
🎯 Requirements
- • Bachelor's degree in Business Administration, Accounting, Finance, or a related field.
- • Minimum of 5-7 years of related experience in public or private accounting, with a strong emphasis on reinsurance accounting.
- • Minimum of 5 years of experience in a leadership role, managing, coaching, or mentoring a team.
- • Broad, in-depth understanding of accounting principles, concepts, operations, and practices within the insurance industry, particularly in reinsurance.
- • Highly developed written and oral communication skills, with the ability to effectively interact with management, employees, regulators, and external auditors.
- • Advanced proficiency in Microsoft Suite applications.
🏖️ Benefits
- • Competitive salary range: $90,559.93 - $152,723.07 annually (exclusive of fringe benefits and potential bonuses).
- • Generous medical, dental, and vision plans.
- • 401K retirement plan with company match.
- • Bonus potential for all positions.
- • Paid Time Off (PTO) and paid holidays throughout the calendar year.
- • Opportunities for continuous learning and professional development, with 100% company support.
Skills & Technologies
Remote
Degree Required
About ICW Group Insurance Companies
ICW Group is a leading provider of workers' compensation insurance, offering comprehensive solutions to businesses across the United States. With a strong focus on safety, claims management, and policyholder support, ICW Group aims to protect employers and their employees. They are committed to delivering exceptional service and innovative programs designed to reduce workplace injuries and control costs. Their expertise extends to various industries, providing tailored insurance products that meet specific needs. ICW Group emphasizes building lasting relationships with policyholders, agents, and partners through integrity, responsiveness, and a dedication to financial strength and stability. They strive to be a trusted advisor in the workers' compensation landscape.
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